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Bitcoin price stages 2-week downtrend breakout with $112K next target

From cointelegraph.com

Bitcoin has a new reversal signal that could end two weeks of BTC price losses, analysis hinted. Data from Cointelegraph Markets Pro and TradingView revealed BTC/USD closing outside a downward trend line for the first time since Aug. 13. Bitcoin proponents are eager to see confirmation that the bulk of the latest bull market correction is over. Early cues such as a bullish divergence on the relative strength index (RSI) have accompanied a rebound from multiweek lows of $107,270. Now, the entire retracement from August’s all-time highs is being challenged on the daily chart. As noted by trader and analyst Rekt ... (full story)

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  • Category: Technical Analysis